Mining Hardware Maker Canaan Looks to Issue $12.4M in Stock to Employees
Cryptocurrency mining ASIC producer Canaan filed with the U.S. SEC to issue around $12.4 million worth of shares to its employees. Go to Source Powered by WPeMatico
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World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic
The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with a shrinking asset base. Also read: US Cash Crisis: Withdrawal … Read more
Forbes Report: World’s Top 10 Billionaires Lost $38B on Black Monday
The world’s top 10 billionaires including Facebook CEO lost a combined $38 billion on Black Monday, according to Forbes Go to Source Powered by WPeMatico
Riot’s Stock Dips 5% as It Focuses on Bitcoin Mining Ahead of Halving
Nasdaq-listed Riot Blockchain plans to sell its new crypto exchange business to focus on Bitcoin mining about three months ahead of the halving event Go to Source Powered by WPeMatico
Paxos’ DLT Settlement Platform Is Live With Credit Suisse and Instinet
Paxos rolls out its blockchain-based settlement platform with Swiss financial services firm Credit Suisse and Nomura Group-owned Instinet Go to Source Powered by WPeMatico
Australian Stock Exchange Has New Blockchain Equity Competitor
The operator of the National Stock Exchange of Australia to build a new blockchain platform to compete with the Australian Security Exchange’s CHESS Go to Source Powered by WPeMatico
Bitcoin Trust GBTC Shares Spike Despite 30% Premium
Bitcoin and cryptocurrency prices have seen significant gains as the entire cryptoconomy is up more than 40% since mid-December. Grayscale’s Bitcoin Trust (GBTC) has also seen an uptick and shares have climbed 9% this week. The news follows the asset manager’s recent registration as a reporting company with the Securities and Exchange Commission (SEC) and … Read more
Fear Grips Stock Market Traders While Cryptocurrency Investors Become Greedy
The clash of two emotions, fear and greed, is said to determine investors’ sentiment. This ratio draws a historical picture of the market and it’s also an indicator of its future state. As an established trend, traditional investments such as stocks and digital assets like cryptocurrencies often move in opposite directions. The beginning of 2020 … Read more
China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic
China’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into the country’s economy and financial system. Also read: China’s Inflation Hits a … Read more
6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail
Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud scandal known as the Cum-ex Files. Also read: … Read more